Chinese stock investors are ploughing money into exchange-traded funds (ETFs) this year at the fastest pace on record as they choose to play a languid stock market passively and wait for it to trough, reports Reuters.The trend has also caught...
Rupali Bank Limited opened its 23rd sub-branch at the Islamic Foundation Bhaban at Agargaon in the city under the Rokeya Sarani Branch of the bank. Dr Md Bashirul Alam, director general of Islamic Foundation Bangladesh, inaugurated the sub-branch while Rupali...
Prime Bank and iFarmer have signed an agreement to ease financing to farmers and agri entrepreneurs. Nazeem A Choudhury, deputy managing director of Prime Bank, and Fahad Ifaz, chief executive officer of iFarmer, exchanged the documents of the signed agreement...
Dhaka Bank launched a co-branded Mastercard World Credit Card exclusively for Gulshan Club members. Mohammad Abu Jafar, Additional Managing Director of Dhaka Bank, Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard, Rafiqul Alam (Helal), President of Gulshan Club, MA Quader (Anu),...
Southeast Bank won the Mastercard Excellence Awards 2023 in 'MasterCard Prepaid Business (International)' and 'MasterCard Online Acquiring Business' categories. Southeast Bank Managing Director Nuruddin Md Sadeque Hossain received the trophies from Helen LaFave, charge d'affaires at the US Embassy in...
FE REPORT | 2023-11-30 00:00:00
The cut-off price of initial public offering (IPO) shares of Best Holdings has been fixed at Tk 35 each through electronic bidding process involving eligible investors.The determination of this price took place over a 72-hour bidding window from November 20...
FE REPORT | 2023-11-30 00:00:00
The state-run Meghna Petroleum suffered a net operating cash crisis in the first quarter (Q1) of this fiscal year due to increased payments to suppliers, employees and others.The country's second largest petroleum marketer saw cash inflows of Tk 79.60 billion...
COLOMBO, Nov 29 (Reuters): Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday.Sri...
WASHINGTON, Nov 29 (AFP): Apple is set to end its credit card tie-up with Goldman Sachs, a US newspaper reported Tuesday, as the investment bank pulls back from consumer lending.Apple sent a proposal to Goldman Sachs to exit from their...
FRANKFURT (Germany), Nov 29 (AFP): German inflation slowed further in November, preliminary data showed Wednesday, offering a glimmer of hope for Europe's biggest economy as it struggles through a period of weakness.Consumer prices rose 3.2 percent year-on-year, down from a...
JOHANNESBURG, Nov 29 (Reuters): Impala Platinum on Tuesday temporarily halted operations at its Rustenburg mining complex in South Africa after 11 workers died and 75 were injured in what the CEO said was "the darkest day" in the company's history.Impala...
Bengal Commercial Bank (BGCB) inaugurated its Islami Banking sub-branch at Khatunganj in Chattogram. Mahbubul Alam, Vice Chairman of the Bank and President of Federation of Bangladesh Chambers of Commerce & Industry (FBCCI), inaugurated the branch, recently. K M Awlad Hossain,...
BASEL (Switzerland) Nov 29 (AFP): The international bank regulatory body on Wednesday launched a process to develop rules for lenders to report their climate-related risks in a bid to boost transparency and financial stability.The Basel Committee on Banking Supervision said...
The Hong kong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has been voted as 'Market Leader' in Bangladesh for the 14th time and 'Best Service' in Bangladesh for the 6th time in a row, in the Euromoney Cash Management Survey...
Yamaha inaugurated two bikes including its premium sports segment scooter Aerox 155cc and new colour Dark Matt Blue of the FZ-X at the ACI Centre at Tejgaon in city on Tuesday, says a press release. Subrata Ranjan Das, Executive Director...
Recently an agreement was signed between GPH Ispat Limited and ABC Real Estates Limited for delivery of high-strength steel re-bar.The agreement was signed by Managing Director of GPH Ispat Mohammed Jahangir Alam and Chairman of ABC Real Estates Limited Mostaqur...
Abul Kalam Azad has taken over as Chief Executive Officer of Takaful Islami Insurance Limited with effect from November 26 as per approval of the Insurance Development and Regulatory Authority, says the company in a statement. He obtained his M.Com...
FE REPORT | 2023-11-30 00:00:00
The Bangladesh Investment Development Authority (BIDA) and Novo Freight Logistics Limited, a private organisation, joined hands on Wednesday to bolster logistics support for investors, thereby enhancing the country's investment landscape.Mohsina Yasmin, an executive member of BIDA, and Md Syed Mustafizur...
The Board of Directors of Citizens Bank has unanimously re-elected Masuduzzaman as chairman of the Executive Committee and Chowdhury Mohammed Hanif Shoeb as chairman of the Risk Management Committee of the bank, says a statement of the bank. Masuduzzaman is...
FE REPORT | 2023-11-30 00:00:00
The cabinet committee on government purchase at its meeting on Wednesday approved import of 170,000 tonnes of fertilisers from United Arab Emirates, Saudi Arabia, and Morocco.Finance Minister AHM Mustafa Kamal presided over the virtually held meeting. Cabinet division additional secretary...
LAHORE, Pakistan, Nov 29 (AFP): Newly appointed skipper Shan Masood set Pakistan a tough target on Wednesday for their forthcoming tour of Australia -- make history.Pakistan have never won a Test series in the 12 times they have toured down...
NEW DELHI, Nov 29 (AFP): Rahul Dravid will stay on as coach of India, the country's cricket board said on Wednesday, having led the hosts to the final of the World Cup earlier this month.It was "unanimously agreed to further...
OUR CORRESPONDENT | 2023-11-30 00:00:00
CHATTOGRAM, Nov 29: The CVO Cricket Fest 2023 was held at Chatto Turf ground in Chattogram city. The final match of the tournament was held on Tuesday.The tournament was organised by CVO Petrochemical Refinery LimitedCVO Sangu (Admin) and CVO Halda...
SYLHET, Bangladesh, Nov 29 (Agencies): Bangladesh spinner Taijul Islam has spun up four wickets to put his team in a good position to grab a lead in the first innings, trumping a century from Kane Williamson on the second day...
Two weeks after the conclusion of the national team's dismal ODI World Cup campaign in India, the Bangladesh Cricket Board (BCB) is launching an investigation into the underlying reasons for the Tigers' lacklustre performances at the showpiece event, reports bdnews24.com.The...
ArcelorMittal South Africa on Tuesday said it plans to close its long steel operations due to weak demand and persistent infrastructure problems, potentially impacting 3,500 jobs, reports Reuters.The company's long steel unit produces fencing material, rail, rods and bars used...
DUBAI, Nov 29 (AFP): The Emirati host of the UN climate conference in Dubai denied Wednesday reports that he used his presidency of the crucial talks on global warming to pursue fossil fuels deals.The allegations against Sultan Al Jaber, who...
A 15-day course titled 'Advance Course on Credit Operation & Risk Management in Banks' (1st Batch) was inaugurated at the National Bank Training Institute on Sunday. A total of 37 officers from different branches and head office of the National...
LONDON, Nov 29 (Reuters): Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy, while supply disruption caused by a storm in the Black Sea and lower US inventories drove buying.Brent...
NOAKHALI, Nov 29 (BSS): A woman was beaten to death reportedly by her neighbour over a trivial matter in Jagodananda village under Ward No-5 of Dhansiri union in Kabirhat upazila of the district on Wednesday.The deceased was identified as Aleya...
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